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Ajiya BhdXKLS:7609 62 ROC (Joel Greenblatt) % is 14.18% as of Mar. 2026, which is 36% above its 10-year median of 10.43. GuruFocus rates XKLS:7609 with a GF Score™ of 62/100 and a GF Value™ of RM0.96 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,782 Construction companies, Ajiya Bhd ranks worse than 55.56% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Ajiya Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.18%.
The historical rank and industry rank for Ajiya Bhd's ROC (Joel Greenblatt) % or its related term are showing as below:
XKLS:7609'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.23 Med: 10.43 Max: 24.45
Current: 15.28
During the past 13 years, Ajiya Bhd's highest ROC (Joel Greenblatt) % was 24.45%. The lowest was -0.23%. And the median was 10.43%.
XKLS:7609's ROC (Joel Greenblatt) % is ranked worse than 55.56% of 1782
companies
in the Construction industry
Industry Median: 19.6
vs XKLS:7609: 15.28
Ajiya Bhd's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Ajiya Bhd (XKLS:7609) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
The historical data trend for Ajiya Bhd's ROC (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XKLS:7609 vs TT, JCI, CARR: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, Ajiya Bhd's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ajiya Bhd ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Ajiya Bhd's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ajiya Bhd's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of 14.18% mean?
Ajiya Bhd (XKLS:7609) has a ROC (Joel Greenblatt) % of 14.18% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ajiya Bhd and its competitors. This is 36% above median its historical median of 10.43. According to the industry distribution chart, Ajiya Bhd ranks #990 out of 1782 companies in the Construction industry, placing it in the top 55.6%.
Is Ajiya Bhd's ROC (Joel Greenblatt) % too high?
Ajiya Bhd's current ROC (Joel Greenblatt) % of 14.18% is 36% above median its 10-year median of 10.43. The Construction industry median ROC (Joel Greenblatt) % is 19.60. Ajiya Bhd's value of 14.18% is 27.7% below this industry median. Based on the distribution chart, Ajiya Bhd ranks #990 out of 1782 companies in the Construction industry, which is below the industry midpoint. Overall, Ajiya Bhd has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ajiya Bhd's ROC (Joel Greenblatt) % compare to TT and JCI?
According to the Construction industry distribution chart, Ajiya Bhd ranks #990 out of 1782 companies for ROC (Joel Greenblatt) %. This places Ajiya Bhd in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.60. Ajiya Bhd's value of 14.18% is 27.7% below this benchmark. While the company's 10-year median is 10.43 vs. the industry median of 19.60, Ajiya Bhd has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.60, based on 1,782 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ajiya Bhd's current ROC (Joel Greenblatt) % of 14.18% is 27.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ajiya Bhd and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajiya Bhd's current ROC (Joel Greenblatt) % is 14.18%, which is 36% above median its own 10-year median of 10.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajiya Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ajiya Bhd (XKLS:7609) is currently considered Fairly Valued. The stock's GF Value™ is RM0.96, compared to a current price of RM1.01 — trading 5.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 14.18%, which is 36% above median its 10-year median of 10.43 and 27.7% below the Construction industry median of 19.60. Ajiya Bhd's overall GF Score™ is 62/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Ajiya Bhd (XKLS:7609), the current ROC (Joel Greenblatt) % is 14.18% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ajiya Bhd (XKLS:7609) Overvalued in 2026?
Based on GuruFocus' analysis, Ajiya Bhd stock appears to be overvalued.
The current stock price of RM1.01 is trading 5.2% above its estimated GF Value™ of RM0.96.
GuruFocus considers Ajiya Bhd to be Fairly Valued.
Key valuation signals for XKLS:7609:
ROC (Joel Greenblatt) %: 14.18% (36% above median its 10-year median of 10.43)
GF Value™: RM0.96 vs. price of RM1.01 (5.2% above fair value)
Industry Position: 27.7% below the Construction median (#990 of 1782)
No single metric tells the full story. See the XKLS:7609 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ajiya Bhd is an investment holding. The principal activities include manufacturing and trading of roofing materials, manufacturing and trading of all kinds of glass, trading of building materials and investment holding. Its products are classified in two categories: Metal Division Metal roofing system, PU green series, steel truss system, structural products, metal door and window frame, metal sunshade/louvres, metal ceiling, and IBS-aligned building solutions: Glass Division Safety glass, tempered glass, laminated glass, Low-E coated glass, and Insulated Glass Units (IGU) for architectural and construction applications While it also has its presence in Thailand and Malaysia, Majority of its revenue is earned through the Malaysian market.
62GF Score
Get the complete analysis for XKLS:7609
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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